BATON ROUGE, La.--(BUSINESS WIRE)--H&E Equipment Services, Inc. (NASDAQ: HEES) (the “Company”) today
announced the pricing of $100 million aggregate principal amount of its
7% senior notes due 2022 (the “Notes”) in an unregistered offering (the
“Offering”). The Notes were priced at 108.5% of the principal amount.
The Notes will be senior unsecured obligations of the Company and will
be guaranteed by certain of its domestic subsidiaries. The Offering is
expected to close on February 4, 2013, subject to the satisfaction of
customary closing conditions.

The Notes will be issued as additional notes under an indenture dated as
of August 20, 2012 pursuant to which the Company previously issued
$530,000,000 of 7% senior notes due 2022 (the “Existing Notes”). The
Notes will rank equally with and form a part of a single class of
securities with such Existing Notes.

The Company expects to use the proceeds from the Offering to repay
indebtedness outstanding under its revolving credit facility and for the
payment of related fees and expenses.

The Notes and related guarantees are being offered in a private
placement solely to qualified institutional buyers in reliance on Rule
144A under the Securities Act of 1933, as amended (the “Securities
Act”), or outside the United States to persons other than “U.S. persons”
in compliance with Regulation S under the Securities Act. The Notes and
related guarantees have not been registered under the Securities Act or
the securities laws of any other jurisdiction and may not be offered or
sold in the United States absent registration or an applicable exemption
from the registration requirements.

This press release does not constitute an offer to sell or a
solicitation of an offer to buy the Notes or any other securities, and
shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful. Any offer of the Notes will be made only by means of a private
offering memorandum. This press release is being issued pursuant to and
in accordance with Rule 135c under the Securities Act.

Forward-Looking Statements

Certain statements contained herein are “forward-looking statements”
within the meaning of the federal securities laws. Statements that are
not historical facts, including statements about our beliefs and
expectations are forward-looking statements. Statements containing the
words “may,” “could,” “would,” “should,” “believe,” “expect,”
“anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and
similar expressions constitute forward-looking statements.
Forward-looking statements involve known and unknown risks and
uncertainties, which could cause actual results to differ materially
from those contained in any forward-looking statement. Such factors
include, but are not limited to, (1) the Company’s ability to satisfy
the conditions contained in the agreement with the initial purchaser
with respect to the Offering; and (2) other factors discussed in our
public filings, including the risk factors included in the Company’s
most recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q. Readers are urged to consider these factors carefully in
evaluating the forward-looking statements and are cautioned not to place
undue reliance on such forward-looking statements. Except as required by
applicable law, including the securities laws of the United States and
the rules and regulations of the SEC, we are under no obligation to
publicly update or revise any forward-looking statements after the date
hereof.